Homeowners Have 40 TIMES the Wealth of Renters

The National Association of Realtors recently released some interesting information. They say that homeowners build 40 times the amount of wealth compared to renters.

Real Estate is Generating Wealth

You’ve heard me talk about this topic often in my videos: that real estate is generating a lot of wealth than any other asset. You buy it, you hold it, and the investment does great over time. Also, you amortize the mortgage over the years.

When you think about it – that it builds 40x more than renters. It makes sense, especially since real estate is everyone’s biggest asset. It would be easy to say that equity can’t be spent. But again, what really is important is that it builds wealth over time.

Cash Flow in Retirement

Also, when you reach retirement again and you have a bunch of real estate, it offers undeniable benefits. Not only do you have a house paid off where you can live very inexpensively (only paying taxes and insurance), but there are also income opportunities from the rental properties.

All of these properties are generating a bunch of wealth, which is a good move financially. But the other thing that is more important about real estate is that you are also building cash flow, which is what can make a big difference – especially in retirement.

So, in addition to building wealth. More importantly,  it is generating cash flow, which is what sustains life.

Have Questions About Buying Real Estate?

I am a believer in real estate. It is one of these things that can definitely be a smart financial decision in the long run.

Do you have questions about buying the right property for your needs? Reach out to me any time. I’m happy to discuss the numbers and look at your individual situation to help you find the right solutions.